ID :
220300
Thu, 12/22/2011 - 10:45
Auther :
Shortlink :
https://www.oananews.org//node/220300
The shortlink copeid
Philippines Offers Malaysian Firms Access To Infrastructure Sector
KUALA LUMPUR, Dec 22 (Bernama) -- The Philippines government's offering of
33 infrastructure projects for public-private partnerships (PPP) worth RM22.93
billion will offer Malaysian construction supplies manufacturers and
professional services providers with access to the country's rapidly developing
infrastructure sector.
In a statement Thursday, the Malaysia External Trade Development Corporation
(MATRADE) said documents from the Philippines' National Economic and Development
Authority (NEDA) showed that projects under the country's Department of
Transportation and Communications would require RM6.38 billion while those
under the Public Works and Highways and Agriculture departments would need
RM13.74 billion and RM2.85 billion respectively.(US$1=RM3.16)
The top priority PPP projects include the RM5.11 billion Metro Rail
Transit (MRT)/Light Rail Transit expansion project, the RM1.53 billion North
Luzon Expressway-South Luzon Expressway Link, the RM830 million MRT Line 2
Extension and the RM550 million New Bohol Airport.
"Malaysian companies in the infrastructure sector would have to quickly
evaluate their plans and strategies in order to compete with the Philippines'
lucrative infrastructure sector which is currently undergoing major
redevelopment," MATRADE said.
-- BERNAMA